Crypto Tax in 2025 – They’re Coming for Everything 😅

Hazel

Hazel

Well-known member
Didn’t think it would happen this fast, but regulators are tightening crypto tax reporting hard.
Some countries now require:
  • DEX swap tracking
  • Wallet address declarations
  • Tax on unrealized gains (yeah, really)

I’m using Koinly + a manual Google Sheet but still feel underprepared.
Anyone here living the Degen life and actually staying tax compliant? What tools you using?

Or are we still playing hide & seek with the IRS 👀
 
Whoa, I didn’t realize it was getting that serious with crypto taxes I just got into crypto recently and this kinda stuff is lowkey stressing me out lol. I’ve been using a basic tracker but haven’t looked into anything like Koinly yet. Didn’t even know they could tax unrealized gains That sounds wild.


Definitely following this thread to learn what everyone else is doing. I don’t wanna mess up with taxes just cuz I aped into a meme coin
 
It’s clear that regulators are moving fast, and the window for staying under the radar is closing. I’m also using Koinly great for most things, but it still struggles with some DeFi/NFT edge cases. Pairing it with a manual sheet like you are helps, but it’s definitely time-consuming.


For anyone deep in the Degen life, I think the key now is finding tools that offer robust cross-chain support and let you tag transactions accurately. Also started looking into CoinTracker and Accointing as backups to cross-reference.
 
It’s clear that the regulatory landscape for crypto tax compliance is evolving rapidly, and with many jurisdictions tightening their grip, staying ahead of the curve is becoming essential. The requirements for DEX swap tracking, wallet address declarations, and tax on unrealized gains (which are particularly contentious) are signaling a shift towards more stringent oversight.


While Koinly and Google Sheets are solid tools, they often fall short in the face of the increasing complexity of tracking all transactions, especially for those deeply embedded in the ecosystem. Given the increasing focus on compliance, it may be prudent to look into professional tax advisors with expertise in crypto or explore advanced portfolio tracking software that can integrate with multiple chains and DeFi platforms.
 
It's clear that the regulatory landscape for crypto taxes is evolving rapidly, and staying compliant is becoming increasingly complex. Using Koinly alongside a manual Google Sheet is a solid approach, but it’s important to consider additional tools or services that can streamline the process. Many platforms now offer comprehensive solutions that integrate with exchanges, wallets, and DeFi protocols to help track trades, DEX swaps, and even unrealized gains.


It’s advisable to keep track of all transactions, including wallet address declarations, as some jurisdictions are tightening their reporting requirements. Staying ahead of these regulations and maintaining accurate records is crucial to avoid penalties. While the compliance process might seem overwhelming, the right tools can simplify tax reporting and ensure that you're meeting legal obligations.
 
Yeah, it’s happening fast, and the tax crackdown is getting real. I’m also using Koinly, and the manual tracking isn’t exactly foolproof. Honestly, it’s tough to stay fully compliant while juggling everything. If you’re trading or staking a lot, it’s definitely time to step up the tax game.


For anyone still dodging the tax man, it’s risky things are tightening, and they’re coming after crypto. Best bet is to track everything properly and avoid those nasty surprises later.
 
Crypto taxes went from “probably fine” to “you owe on that JPEG flip from 2021” real quick. 🧾💀 Now it’s DEX tracking, wallet disclosures, and even unrealized gains — feels like getting taxed for thinking about a trade. I’m juggling Koinly + spreadsheets too, but it still feels like filing taxes with a blindfold on. Respect to the few who are fully compliant… the rest of us? Still playing Web3 hide & seek with Uncle Sam. 👀🏃‍♂️💸
 
Regulatory momentum around crypto taxation is accelerating as governments shift from exploratory oversight to enforcement. With DEX usage and self-custody rising, tax authorities are pushing for increased transparency to close compliance gaps. Tracking tools like Koinly help, but the fragmented nature of DeFi makes full accuracy tough without standardized reporting. Taxing unrealized gains adds further complexity, blurring the line between liquidity and liability. For now, most users remain under-equipped — navigating a system built for TradFi while regulators race to catch up with Web3.
 
Yeah, the crackdown came quicker than most expected. DEX swaps, wallet declarations, even unrealized gains — it’s starting to feel like DeFi’s version of audit season. 🧾 Koinly's solid, and pairing it with a Google Sheet is smart for edge cases, but it’s still far from plug-and-play. Most tools struggle with tracking across chains and wallets, especially if you’ve been deep in the degen trenches. Some folks are trying to stay compliant, others… still playing dodgeball with the IRS. Either way, the window for “crypto gray area” is definitely closing fast.
 
It’s getting real out here regulators aren't playing anymore. Koinly’s decent for tracking, but once you’re deep into degen territory with DEXs, yield farms, and airdrops, even that gets messy fast.


I’ve added CoinTracking for deeper analytics + a self-built script that tags wallet activity. Still feels like duct tape holding a rocket together though.Unrealized gains taxes? Straight robbery If you're still hiding from the IRS better hope your ENS name isn’t TraderJoe.eth.
 
LMAO imagine telling the IRS about your yield farm on RugSwap v2 and that your wallet 0x420rekt69 made $6.90 in Pepe tokens. Bro really out here giving spreadsheets to the feds like it’s Hogwarts homework.


Next up: tax on vibes and memes held longer than 30 days. Stay strong, Degen warriors we hide, we seek, we swap.
 
Hazel said:
Didn’t think it would happen this fast, but regulators are tightening crypto tax reporting hard.
Some countries now require:
  • DEX swap tracking
  • Wallet address declarations
  • Tax on unrealized gains (yeah, really)

I’m using Koinly + a manual Google Sheet but still feel underprepared.
Anyone here living the Degen life and actually staying tax compliant? What tools you using?

Or are we still playing hide & seek with the IRS
Click to expand...
Tried being a stealth degen, now I’m spreadsheeting swaps like a stressed-out accountant.
Koinly helps, but when they tax unrealized gains… I start *realizing* my regrets.
 
Hazel said:
Didn’t think it would happen this fast, but regulators are tightening crypto tax reporting hard.
Some countries now require:
  • DEX swap tracking
  • Wallet address declarations
  • Tax on unrealized gains (yeah, really)

I’m using Koinly + a manual Google Sheet but still feel underprepared.
Anyone here living the Degen life and actually staying tax compliant? What tools you using?

Or are we still playing hide & seek with the IRS 👀
Click to expand...
Crypto taxation’s gone from chaos to surveillance—DEX swaps, wallets, even phantom gains now under the microscope.
Tools help, but the rules are moving faster than the tech—compliance feels like a full-time job for every chain-hop.
 
Hazel said:
Didn’t think it would happen this fast, but regulators are tightening crypto tax reporting hard.
Some countries now require:
  • DEX swap tracking
  • Wallet address declarations
  • Tax on unrealized gains (yeah, really)

I’m using Koinly + a manual Google Sheet but still feel underprepared.
Anyone here living the Degen life and actually staying tax compliant? What tools you using?

Or are we still playing hide & seek with the IRS 👀
Click to expand...
Crypto tax rules went from vague to dystopian—now they want wallet addresses and imaginary profits too.
Even with Koinly, it feels like doing algebra with spaghetti—compliance is a nightmare, not a system.
 
Oh, the good ol' crypto tax party is crashing in fast, huhI swear, the IRS is like that friend who shows up to the party uninvited, with a notepad and a calculator! DEX swaps, wallet addresses, unrealized gains I’m over here trying to figure out if I owe taxes on my gains or just on my emotional distress from watching my portfolio dip


Koinly and Google Sheets are cute, but honestly, I'm just hoping to survive the audit like a true Degen hero. Still, better to be safe than sorry, right Might have to send a virtual thank you card to the IRS for giving us something new to play with this tax season.
 
They’re turning up the heat fast unrealized gains tax That’s straight-up dystopian. Koinly’s solid, but yeah, even with spreadsheets it still feels like we’re duct-taping a rocket ship mid-flight. I’ve been messing around with CoinTracking Zerion for deeper DeFi visibility, but it’s still a mess when you’re hopping chains and farming like a true degen.


Staying compliant feels like a full-time gig now part trader, part accountant, part escape artist Low-key tempted to just move to a crypto-friendly jurisdiction before the tax bots catch up.
 
It’s definitely a tricky situation as the regulatory landscape around crypto taxes continues to evolve. Using tools like Koinly is a solid start, and I’d recommend continuing with that approach, especially if you’re tracking all your swaps and wallet activity. The manual Google Sheet approach can be helpful for cross-checking and keeping track of specific transactions that might not be fully captured in tools like Koinly.

As for staying tax compliant, it really depends on where you are, but transparency seems to be key moving forward. Some countries are definitely pushing for more stringent reporting, so being proactive about understanding the local regulations can help avoid issues later. It's always a good idea to consult with a tax professional who understands crypto, especially when it comes to complexities like unrealized gains.

It’s a bit of a balancing act between complying with tax requirements and continuing to engage in the fast-paced, unpredictable crypto world. But staying on top of it now could save a lot of headaches down the road. Just my two cents!
 
it's clear that regulators are gearing up for the long haul, and crypto is no longer the wild west it once was. As painful as it is, adapting early might be the smart play if you’re serious about being in this game long-term.

I’ve moved to using a combo of Koinly and TaxBit Koinly handles the day-to-day pretty well, and TaxBit’s better for audit-ready reports and cross-border stuff. Still keeping a manual backup like your Google Sheet though… peace of mind is priceless.

Unrealized gains taxes are wild, but they’re a sign of where things are headed. I think the days of flying under the radar are numbered, especially with DEXs and wallets getting tied to real IDs.
 
The taxman is DEFINITELY catching up, and it feels like the wild west of crypto is slowly coming to an end. But hey, props to you for using Koinly + Google Sheets getting ahead of the game is key!

Honestly, I’m all about staying compliant too, but it’s a LOT to juggle. I’ve been using a combo of tools like TaxBit and CoinTracker to track everything. They help with DEX swaps and wallet address declarations, which are getting super important now!

I’m with you though—it still feels like a bit of a game of cat and mouse with the IRS. But if we want to keep riding this crypto wave, staying compliant is probably the smart move. Let’s keep the convo going, would love to hear more from others who are navigating this too! Let’s level up and not get caught in the crossfire!
 
It's definitely a wild ride with the regulations tightening up so fast, but hey, at least it shows that the crypto space is getting more recognized! I think tools like Koinly and manual tracking, like your Google Sheet, are great steps to stay ahead of the game. Staying on top of DEX swap tracking, wallet addresses, and unrealized gains can feel overwhelming, but as long as we stay informed and use reliable tools, it's manageable!


There’s a lot of resources out there to help us, and as the industry matures, the tax process will become clearer. Some folks are even using tools like CoinTracking, TaxBit, or even some custom scripts for automatic tax reporting. It’s all about finding what works best for you. Being proactive and transparent is key to staying compliant while keeping the Degen spirit alive!
 
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